About your Search

20130101
20130131
Search Results 0 to 10 of about 11
, the faa and ntsb, they all have investigators heading to japan to investigate what happened with that emergency landing. meanwhile, other airlines, which have already taken delivery, they are still flying the dreamliner. this is out of poland making its inaugural flight of the 787. right now, as we speak, maria, in a couple hours. it will be touching down here in chicago. despite airlines saying we're still going to fly, it s & p capital iq downgrading shares of boeing on the concern, maria, that eventually we could see some airline customers saying, you know what, putting me on the dreamliner, i'm skipping that flight so that's the latest of what's happening with boeing. maria? >> want to bring in a couple other voices, michael boyd, aviation expert and on the telephone jim hall, former ntsb chairman, now managing director of hall & associates. good to see everybody. thanks for joining us. would you fly a dreamliner right now? mean, knowing what we know, jim hall, would you -- what would you job advice? >> oh, yes, i would fly the aircraft. i think if there are significant
to get to it on boeing. phil, over to you. >> we've heard from the ntsb, expecting an update from them. they have at least an initial report regarding the fire investigation of that 77 dreamliner in boston yesterday. the ntsb saying that they have decided they are going to send two more investigators to look at the dreamliner in question and that at least initially taking a look at the fire in question they found severe fire damage to the battery of the auxiliary power unit. remember, the auxiliary power unit is what is used to provide power to an airplane when it is parked on the tarmac, not while it's in flight so the battery unit, severe fire kagge there, and it's pretty clear, scott and maria, that we are going to see more airlines, if they haven't already, they are going to start checking their wiring on the battery unit. i just spoke with the folks out of ana in japan. they have a number of dreamliners, checked theirs overnight at the urging of the ministry of transportation in j.i just talked with united airlines. it has checked the battery power wiring on all of its dreamliners
're investigating it, along with somebody from boeing, the faa, ntsb, they're sending investigators to japan. and now what we have in japan are the two main carriers there, the first carrier is really to take a large number of dreamliners, they've grounded their fleets, at least for today and tomorrow. al nippon as well as japan airlines. 24 dreamliners. that's roughly half of the 50 that we've seen delivered so far by boeing. no flights again today, or tomorrow. here's what the focus is ultimately zeroing in on for the ntsb and faa. remember japan airlines flight that had the fire in boston last week? this is a battery unit from it. look how charred it is. that's along with what happened in japan on this emergency landing, that's going to be the focus for investigators as they take a look at what's going on with the lithium ion batteries. who makes these batteries? a firm out of japan. if you look at shares of that company, it's under pressure, understandably today. the firm has said they will cooperate with the investigation. and what you have now, carl, is a situat whe do a manufacturing
in the dreamliner jets. the ntsb made the request after learning of the incident that's occurred before the battery fire on japan's airlines jet back at boston's logan airport on january 7. al nippon says it replaced batteries on its 787 jets ten times after they failed to charge properly or showed other problems and told boeing about the swaps. and an ana flight was forced to make an emergency landing on january 16. and phil lebeau and aviation expert michael boyd will join us. we'll be gearing up for boeing's quarterly results coming at 7:30 a.m. eastern time. a lot to get to. you see that story on the front page of "the new york times" and other places. the fact that they knew about it, it was a bigger problem makes me more anxious, but i know you think i'm anxious about planes -- >> no, i think at this point things -- people are starting to get concerned about what the issue is. they still haven't been able to identify it. that's a bigger problem. if you can find the problem and a it, you can get toward fixing it. and at this point, they're still looking around. >> hopefully when building a pla
in japan. today investigators of the faa and the ntsb were on the ground there looking at the ama dreamliner that had the emergency landing. meanwhile, japanese investigators, they believe they will have their initial report on the incident next week. they have found similarities between the battery with that dreamliner and the dreamliner that caught on fire in boston. there's the battery. they are taking it from the plane in japan, and as for boeing, and you look at the assembly going on in seattle, as well as down in charleston, south carolina for the dreamliner, boeing says it's not slowing down production at all, but it is also meeting with the faa to start resuming production flight. as they build these, maria, they have to do a flight when they are done building them, before they can deliver them. they can't do that with this grounding, so that's the first step that boeing wants to clear with the faa. this is a story we'll be following all next week. maria? >> amazing. phil, thanks so much. catch phil's unprecedented access to the plane that was supposed to change the way yo
't know right now. so i know they're saying that. but we have the faa all over the airplane, the ntsb all over the airplane. i think the risk for the -- i see two camps on this stock. you have the teethers, those who believe everything is a teether problem, and the tip of the icebergers saying could this be something else. i think with this investigation going on and the faa already actively on the airplane, it will be difficult to take event, especially if it's a severe event, and say, this is fine, this is fine. long term they're going to sort it out. i agree with what jim cramer said, i'm in the same camp that said, why not do a derivative play on this story, if you have more risk maybe someone like spirit aero systems. >> at what point do you say this is the point of fear of investors are running? that's the time to get in the stock. we've seen that in different scenarios, that we don't know what we don't know, as you said. that is exactly the time you wanted to go in. what's going to make that turning point for you, do you think? >> well, i have to say, because there's a formal inves
, grounded all 24 of their 787s through thursday. the ntsb, faa, and boeing are sending investigators to japan. this latest problem is raising more questions surrounding the dreamliner's use of lithium ion batteries. >> we've seen some major problems with lithium batteries across -- transported and used in our computers. i'm sure the faa is going to look at the quality systems of mering with the batteries used on this airplane. >> last week a worker discovered a fire in the belly of a japan airline of 787 at boston logan airport. the charred battery manufactured by a japanese company is now being an litzed by the ntsb. the faa approved the lithium batteries because boeing installed specific safety measures to address potential overheating problems. the latest incident is ut approximating passengers on edge. >> just like anything new, you have to get the kinks out of it. >> reporter: the transportation secretary is not worried. >> i believe this plane is safe and i would have absolutely no reservation of boarding one of these planes and taking a flight. >> reporter: the only u.s. opera
's going to make a lot of people nervous. the ntsb is now investigating the 787 on the tarmac at logan airport yesterday morning, catching fire, after the plane had landed. the crew and the passengers had all deported. the fire was found in a compartment with batteries and electrical components. and again the passengers and crew were not on board during the fire. but this is the fourth incident since november or since december 4th where we've had a problem with the dreamliner. now remember united had its first domestic 787 flight back on november 4th. just a month later united had a flight from houston to newark, it made an emergency landing in new orleans. after experiencing mechanical problems, a loss of power. qatar air on december 9th said it grounded one of its 737 -- or 787s because of a faulty generator. similar problem, loss of power in flight. and then on december 14th, united grounds two of its four dreamliners due to problems with an electrical panel and then finally, yesterday you have the emergency crews responding to a 787 fire at logan airport. now the dreamliner, and th
in the united states, the ntsb continues to look at the japan airline 787 battery, but in reverse of what we're seeing in japan, they say this battery was not overcharged. the investigators are in arizona today visiting the battery charger manufacturer. that is a company called secure a plane. it's a subsidiary of mega plc out of the uk. over the last couple of days, that's seen a little bit of pressure as well. what we're seeing is an investigation where they haven't been able to square up what happened in japan with what happened in boston, so as a result, they're going to start diving further into the components that go into the dreamliner, and are connected and work with the battery to see if they can find out exactly what went wrong. and then from there, they might have a better sense of how to correct the situation. guys, back to you. >> now, phil, because these two regulatory agencies on opposite sides of the ocean are seeing different things in their investigation. does that tell you that the investigation may be much longer than anticipated? >> well, yeah, it would be different if o
the faa. we're waiting to see the results of the ntsb investigation to make a decision about what it all means. so frankly, we're saying to investors is, look, we can't say with any conviction level that there's a certain entry point where we want to jump in here and buy. what we want is more data. if you own boeing shares here, i think you hang on. i think the long-term outcome of this is that they will sort through the problems. you can see airbus this morning expressing confidence that they think boeing, their competitor will sort through the problems. but right now, you know, you're dealing with emotion and you're dealing with news flow, which is very hard for investors to forecast. >> there but for the grace of god for airbus. they're not going to crash airbus. >> look the safety of all things for airplane manufacturers, the one thing they can all agree within, the one thing they share data on, the one thing they're all committed to is safety. >> if it leaks out of the battery and has a weird smell, it's not a fire. >> yeah, that's really the important thing about what happened yest
, the fire there. they say that the battery in this case was not overcharged. now today the ntsb investigators will be in arizona visiting the secure plane facilities. that is the company that makes the charger for the battery, as they continue to figure out what happened in this case. in both cases if you take a look at shares of boeing which are likely to be under pressure today as it's clear that this investigation is extended, becky and joe, the bottom line is this, you're looking for commonality in the two failed batteries. in one case they say it was overcharged. in another case they're saying it wasn't. that's looking more and more like an indication that they don't know exactly what happened here, and as a result, figuring out a solution is going to take a little longer than originally anticipated. >> phil, we were talking earlier about how the stock has started to break down a little bit out of that trading range where it had been earlier. >> right. and the thing you want to watch, becky, the thing you want to watch is when boeing, if boeing says we have to slow down our
Search Results 0 to 10 of about 11